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noeatnosleep · 3925 days ago · link · · parent · post: Currency, regulation, inflation, effort, and time: Is someone else is determining how much your life is worth? (A meandering thought derailment by me.)
- every time a loan or similar contract is made, currency is created
And that's a dangerous process.
I'd never advocate for a world without lending but I would state strongly that our world is over-lended. There are many wasted resources that could/should be going into infrastructure and R&D if there was a more sane way of distributing man hours over projects that need to be worked on. Right now there is a lot of politics, luck, and avarice involved with the process of getting any type of currency leverage.
- It seems to me that an economy that had both inflating assets as well as deflating assets is probably the healthiest approach
I think this is very astute. I don't know what the model would look like when finished, but I think that there is a strong argument for that type of system.